Colgate-Palmolive: acquisition in animal feed sector

(CercleFinance.com) - Colgate-Palmolive announced on Wednesday evening that it had reached an agreement to acquire Australian Care TopCo, the owner of the Prime100 pet food brand.


The US consumer products giant is justifies the deal by its strategy of investing in its fastest-growing markets.

Colgate-Palmolive, which already owns the Hill's brand, expects the acquisition of Prime100, which was launched in 2014, to have no impact on its results this year.

The acquisition, whose financial terms were not disclosed, will be financed by its existing cash and debt. Completion is expected in Q2.


Copyright (c) 2025 CercleFinance.com. All rights reserved.